Wall Street brokerages expect Algonquin Power & Utilities Corp (NYSE:AQN) to report earnings per share of $0.10 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Algonquin Power & Utilities’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.08. Algonquin Power & Utilities posted earnings of $0.13 per share in the same quarter last year, which would suggest a negative year over year growth rate of 23.1%. The business is expected to report its next earnings results on Tuesday, November 13th.

On average, analysts expect that Algonquin Power & Utilities will report full-year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.66 to $0.70. For the next financial year, analysts forecast that the company will report earnings of $0.60 per share, with EPS estimates ranging from $0.55 to $0.64. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Algonquin Power & Utilities.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly earnings data on Thursday, August 9th. The utilities provider reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. Algonquin Power & Utilities had a return on equity of 10.25% and a net margin of 10.92%. The company had revenue of $366.24 million for the quarter, compared to the consensus estimate of $332.38 million.

Several equities research analysts recently weighed in on the company. ValuEngine raised Algonquin Power & Utilities from a “sell” rating to a “hold” rating in a report on Thursday, July 5th. Zacks Investment Research raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a report on Wednesday, July 11th. National Bank Financial reissued an “outperform overweight” rating on shares of Algonquin Power & Utilities in a report on Monday, August 13th. Finally, Wells Fargo & Co cut their price objective on Algonquin Power & Utilities from $14.00 to $12.00 and set a “market perform” rating on the stock in a report on Monday, August 20th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $11.50.

Shares of NYSE AQN traded up $0.11 during mid-day trading on Monday, hitting $10.56. 212,800 shares of the stock traded hands, compared to its average volume of 186,965. The company has a quick ratio of 0.87, a current ratio of 1.08 and a debt-to-equity ratio of 1.08. Algonquin Power & Utilities has a twelve month low of $9.45 and a twelve month high of $11.34. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.95 and a beta of 0.75.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, September 28th will be issued a dividend of $0.129 per share. This is an increase from Algonquin Power & Utilities’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.52 annualized dividend and a dividend yield of 4.89%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is 87.93%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC acquired a new stake in shares of Algonquin Power & Utilities during the 1st quarter valued at $100,000. Trexquant Investment LP acquired a new position in Algonquin Power & Utilities during the 1st quarter worth about $131,000. Dynamic Technology Lab Private Ltd acquired a new position in Algonquin Power & Utilities during the 1st quarter worth about $161,000. Cubist Systematic Strategies LLC acquired a new position in Algonquin Power & Utilities during the 1st quarter worth about $174,000. Finally, Paloma Partners Management Co acquired a new position in Algonquin Power & Utilities during the 2nd quarter worth about $226,000. 41.98% of the stock is currently owned by institutional investors.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United States. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.

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